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Nov 4, 2013
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the amount of tax dollars that we have spent to try to support wind and solar makes no sense to me. if crude oil makes its way lower, i think it spells the demise of the solar energy phenomenon. >> if it's not a ka nar ree in the coal mine, can it be a boost? >> you get the consumer that is going to help. the ones that are performing best here, look at coal and -- look at the steel space. look at walter energy and cleveland cliffs. these have been massive trades for the past couple of months. a lot of the miners have been priced like their balance sheets. walter energy is a great example of that. these are trades you can stay in. coal demand globally is still growing. >> you can see manufacturing come back to the united states in a significant way and that was just unimaginable. a very short time ago. that would obviously be very good. >> we have been on the steel names. i think he came out and made comments about the steel. they are going to be very late and wrong. this has had a big run. here is where i would absolutely be taking profits. i think you can see this thing trade back
the amount of tax dollars that we have spent to try to support wind and solar makes no sense to me. if crude oil makes its way lower, i think it spells the demise of the solar energy phenomenon. >> if it's not a ka nar ree in the coal mine, can it be a boost? >> you get the consumer that is going to help. the ones that are performing best here, look at coal and -- look at the steel space. look at walter energy and cleveland cliffs. these have been massive trades for the past couple...
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Nov 4, 2013
11/13
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here's what the voters have to say. >> all of terry's so-called plans and proposals will pretty much tax us to death. and we already are paying a ton of taxes thanks to obama care. >> the opponent, cuccinelli, as most people don't know, was one of the first to file a lawsuit to demise obama care. and that is the very reason that i'm here. >> i view criticism of obama care as just making life more cushy for the rich. >> especially with these people out here against obama care, i wanted to show my support for it. it's exciting to be on your parents' insurance if you can't get it otherwise. >> connie schultz, clearly terry mcauliffe has not run away from obama care. in fact, this has been a focal woipt point of his conversation, the benefits of the state of virginia. if he doesn't win, what does that mean? >> i am having a hard time imagining he won't win at this point. i think ken cuccinelli wishes he could make this a referendum on the affordable care act. but this is not a good time in virginia to be a tea party hero, which is what he has been repeatedly identified as. it's -- 170,000 em
here's what the voters have to say. >> all of terry's so-called plans and proposals will pretty much tax us to death. and we already are paying a ton of taxes thanks to obama care. >> the opponent, cuccinelli, as most people don't know, was one of the first to file a lawsuit to demise obama care. and that is the very reason that i'm here. >> i view criticism of obama care as just making life more cushy for the rich. >> especially with these people out here against obama...
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Oct 29, 2013
10/13
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that is well accepted in the united states such as income tax and inheritance tax. in this case we have a transfer of wealth from the healthy people to the ill. but nobody who is healthy wants to sign up because they are healthy and don't have to pay so they would take the $95 short term penalty. and i think the insurance pool is going to turn out to be quite unattractive. >> i guess my question is if we believe that these glitches will be solved and obama care will be rolled out as intended, then there is just a minor blip in the stocks but they will see that enrollment pick up later. sounds like you're saying that perhaps it will never reach what it was meant to be in that it will be a drain eventually on these insurers because we are not getting the healthy participants to offset the cost of the ill. >> i don't know if it ever gets repealed. it's been endorsed in a couple of ways. but i think as we actually live it, people may find it's not what was sold to them or what was expected. i think the mechanics of signing up work. but i think that the policies of it al
that is well accepted in the united states such as income tax and inheritance tax. in this case we have a transfer of wealth from the healthy people to the ill. but nobody who is healthy wants to sign up because they are healthy and don't have to pay so they would take the $95 short term penalty. and i think the insurance pool is going to turn out to be quite unattractive. >> i guess my question is if we believe that these glitches will be solved and obama care will be rolled out as...
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Nov 4, 2013
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growing calls to tax the rich. robert frank will be along to tell us where the flash points are and whether you should be calling the moving vans. (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates. opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. >>> >>> it's a big week at big board. twitter shares will begin trading on thursday. the social networking giant raised the price range be
growing calls to tax the rich. robert frank will be along to tell us where the flash points are and whether you should be calling the moving vans. (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i...
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Nov 5, 2013
11/13
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when you look at his stance, abortion, president's health care, taxes, unions, some issues that would turn democrats away from even consider gs a republican when you look at that, have not bothered them about chris christie. >> i think there are three things happening here. sandy is one of those things. if i were a voter in new jersey, i would look at sandy and that would probably be at the top of my list. the second thing is, chris christie is coming in now to -- at the descendancy of the tea party. the tea party was never that massively strong in new jersey to begin with. in 2009 when people like bob mcdonnell got elected, that was the senate seat of the tea party 2010, republicans take the house and now here we are three years later and what are we finding? the tea party is at all time lows. chris christie, traditional republican candidate is doing remarkably well in a state that votes for democrats on a national level. the third thing also is this, chris christie is someone who just speaks bluntly, whether you like him or not -- i disagree with him on women's rights issues but he
when you look at his stance, abortion, president's health care, taxes, unions, some issues that would turn democrats away from even consider gs a republican when you look at that, have not bothered them about chris christie. >> i think there are three things happening here. sandy is one of those things. if i were a voter in new jersey, i would look at sandy and that would probably be at the top of my list. the second thing is, chris christie is coming in now to -- at the descendancy of...
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Nov 3, 2013
11/13
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sometimes you see what happens with regulations and tax code stuff. you have to go back in and make what are called technical fixes. back in the days of tip and gipper, maybe if you lost the fight you bring up a bill and say this is neutral to make this work better. you could get it past both sides. say we want the program to work. that can't happen now. so therefore obama and the executive -- >> explain why. because you can't get the votes to do anything in the senate. >> the republicans would use that as a way to obstruct. therefore, the executive branch now and the white house, they have to do a lot of this with regulations they otherwise wouldn't do. and it's like throwing gum into the works -- >> all these fixes they demand now, they had an opportunity to deliver on right after they got the first part of the health care plan through. then they came around reconciliation. they said we're not giving you a single vote. you've got to do it that way. therefore, you can't change the policy. anyway, republicans continue their efforts to undercut the pre
sometimes you see what happens with regulations and tax code stuff. you have to go back in and make what are called technical fixes. back in the days of tip and gipper, maybe if you lost the fight you bring up a bill and say this is neutral to make this work better. you could get it past both sides. say we want the program to work. that can't happen now. so therefore obama and the executive -- >> explain why. because you can't get the votes to do anything in the senate. >> the...
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Oct 30, 2013
10/13
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we know it would have happened and their tax rate went up. if you think that there is a savior in copper, it is not. this is 95% gold. >> it's actually get up 50%. after the close, karen. >> this has been a really good one. i have to say the easy money has been made here already. that's mostly down and now they will turn more to earnings and that is a pe multiple. it's not that cheap. we're coming into a new phase. >> coming up next, we're talking about the just released earnings and shocking gains. and tomorrow, let's take a look at october's s&p leaders. at a ford dealer with a little q and a for fiona. tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? your ford dealer. who has the low price tire guarantee, affording peace of mind to anyone who might be in the market for a new set of tires? your ford dealer. i'm beginning to sense a pattern. get up to $140 in mail-in rebates when you buy four select tires with the ford service credit card. where
we know it would have happened and their tax rate went up. if you think that there is a savior in copper, it is not. this is 95% gold. >> it's actually get up 50%. after the close, karen. >> this has been a really good one. i have to say the easy money has been made here already. that's mostly down and now they will turn more to earnings and that is a pe multiple. it's not that cheap. we're coming into a new phase. >> coming up next, we're talking about the just released...
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Oct 29, 2013
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we didn't come here to raise taxes. >> two huge tax increase thes. we're interesting in reforming the tax code. not as a measure of raising tax revenues. we think you can get more revenue through more economic growth. that's the kind of thing we're in favor of. we also want to get auto the drivers of our debt. so they want up front stimulus, which is not what we're going to do. because it didn't work the last time. we believe in pro growth economics, point one, point two, the reason i like the budget control act is it did put spending caps. >> right. >> now the sequester is going to lower spending caps. the question is, is in the interim, in this moment we are in, can we get even smarter an better deficit reduction that actually helps us get the debt under control to hem us grow this economy? >> would you take a deal? a revenue deal to get some, some changes in the sequester? >> no. raise taxes -- we have been really clear about this. we're not in this business to raise taxes. we are not here to raise taxes. >> so the only condition. >> we'll take th
we didn't come here to raise taxes. >> two huge tax increase thes. we're interesting in reforming the tax code. not as a measure of raising tax revenues. we think you can get more revenue through more economic growth. that's the kind of thing we're in favor of. we also want to get auto the drivers of our debt. so they want up front stimulus, which is not what we're going to do. because it didn't work the last time. we believe in pro growth economics, point one, point two, the reason i...
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Oct 29, 2013
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get taxed on our benefits. >> they -- >> the costs. >> every other form of compensation gets taxed and this is an anomaly. >> what congress is saying, we'll spot you the first 10,000 and not include that as tax but anything above that amount for an individual, would be subject to this exize of 40%. >> again, it's not only a question of income tax or tax, it's a question of containing costs on the back end to make sure that people are not getting willy-nilly tests they don't need. >> i've gone 40% over the time allotted to this. i'm going to get scolded, spanked. down to you. >> let's go to dominic chu for a market flash. >> activist investor star is asking semiconductor to consider selling or restructuring its mobile amplifier business which it says is dragging down the chip price. star board value said the company should focus on networks and defense units like skyworks solutions. the mobile power amplifier business accounts for 65% of the company's revenues. triquint not a immediately available for comment. >> nickel and diming your way to record revenues. the airlines masters at tha
get taxed on our benefits. >> they -- >> the costs. >> every other form of compensation gets taxed and this is an anomaly. >> what congress is saying, we'll spot you the first 10,000 and not include that as tax but anything above that amount for an individual, would be subject to this exize of 40%. >> again, it's not only a question of income tax or tax, it's a question of containing costs on the back end to make sure that people are not getting willy-nilly tests...
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Oct 28, 2013
10/13
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unfortunately under current tax policy, that's probably the best move. >> apple is a little bit caught up in this discussion. we all believe that eventually we will get to a 25% corporate rate. but i do think that in the long term, getting that product life cycle down and restoring the market's faith in their innovation probably does a lot more for their stock than a bigger buy back program. keep in mind they already have a record breaking buy back program in place. >> since carl icahn has gotten involved, is he on to something here? >> having them always moves it higher for a while. he certainly picked a good moment. he is is a very smart investor. i don't think it's bad to have them suggesting. when he says stuff is good for the stock it's good for him, when he makes the money the market makes money but on the base level the $150 million could be spent a different way. >> all right guys. good information. we will see you soon. we want to look at any other headlines op apple. he has got more on this report out tonight. over to you. >> i know earlier you were talking with your guests a
unfortunately under current tax policy, that's probably the best move. >> apple is a little bit caught up in this discussion. we all believe that eventually we will get to a 25% corporate rate. but i do think that in the long term, getting that product life cycle down and restoring the market's faith in their innovation probably does a lot more for their stock than a bigger buy back program. keep in mind they already have a record breaking buy back program in place. >> since carl...
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Oct 28, 2013
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we need to have simplified taxes and rule making. to trust people once they're empowered to make decisions for themselves far better than having government do it. it's not too late. too many conservatives i think have given up. they basically are just reacting to the overreach and don't believe we can restore american grate greatness bit tried and true means. >> can you sell immigration reform to the gop? tough job. it's a tough job. >> there are a lot of people i talk to that quietly say i understand what you're saying, we need an economic driven immigration plan, i don't want to be primary. at the end of the day people are going to have to put on their big boy pants here and do what's right for the country. we could grow faster if we limited familyification and we placed it with a rebust programs. it's within our grasp and to me it's a completely conservative idea that we do this. it will lessen demands on government, not increase them. without it we're going to be an older workforce, less productive and the new normal will be 1% g
we need to have simplified taxes and rule making. to trust people once they're empowered to make decisions for themselves far better than having government do it. it's not too late. too many conservatives i think have given up. they basically are just reacting to the overreach and don't believe we can restore american grate greatness bit tried and true means. >> can you sell immigration reform to the gop? tough job. it's a tough job. >> there are a lot of people i talk to that...
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Oct 31, 2013
10/13
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if they get married, it would cost them $11,000 in taxes and higher premiums. take a look at this. $60,000 joint income, $11,000 hit. probably by far the highest anti-marriage penalty we've ever had. i ask you, governor, as you look at this bill, aren't they going to have to reopen the bill to fix things like that? >> no, i think what we need to do is give this bill a chance. let's make sure that everybody has options. we're going to know this very soon. the concentration on this whole bill has been on the -- look, no one is defending that, they should have gotten their act together, but you know, eventually i think that the american people are going to have more options, more choices. they can pick a lower cost of coverage. uninsured can be covered. employers will have more options, too. >> but are you suggesting that we make 2014 the year of postponing marriage for people who are right in the middle class -- >> i don't know if that's the case. i haven't looked. >> this is not our stuff. this comes directly from the kaiser foundation, who are pro-obama. >> as
if they get married, it would cost them $11,000 in taxes and higher premiums. take a look at this. $60,000 joint income, $11,000 hit. probably by far the highest anti-marriage penalty we've ever had. i ask you, governor, as you look at this bill, aren't they going to have to reopen the bill to fix things like that? >> no, i think what we need to do is give this bill a chance. let's make sure that everybody has options. we're going to know this very soon. the concentration on this whole...
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Oct 29, 2013
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i would rather see our tax dollars spent on improving our kids' schools rather than defending this law. greg abott immediately filed an appeal to today's ruling. joining me now, msnbc and planned parenthood in houston, texas, one of the plaintiffs in the lawsuit. this must have been quiet a win down there today. >> yes, lawrence, thank you. this ruling is a victory for our parents. it's a ruling for women. it sends a clear signal across 50 states. it is unconstitutional for politicians to pass laws that take away the private personal health care decisions that women make in consultation with their physician. >> melanie, i just want to check one thing. the 30 mile rule of being knocked out, does that mean there won't be any facilities that will have to close as a result of any other provisions in this law? >> well, that remains to be seen. but what this does mean is that women across the state will have access to abortion care preserved for them. >> crystal, here is a george w. bush judge looking at what this legislature did and saying that it cannot stand. >> yes. and the piece that yo
i would rather see our tax dollars spent on improving our kids' schools rather than defending this law. greg abott immediately filed an appeal to today's ruling. joining me now, msnbc and planned parenthood in houston, texas, one of the plaintiffs in the lawsuit. this must have been quiet a win down there today. >> yes, lawrence, thank you. this ruling is a victory for our parents. it's a ruling for women. it sends a clear signal across 50 states. it is unconstitutional for politicians to...
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Oct 30, 2013
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it says you may find your premiums you lower due to a new kind of tax credit in the nationalplace, you may qualify for plans -- even though -- isn't available outside of marketplace, the health care law also guarantees that you can choose a new plan outside the marketplace, even if you have a preexisting condition. my point is these insurers either want to keep the people in their -- that work in their policy, or they want to tell them -- they tell them about what's available in the marketplace units if it's available. >> but they have to do that, because the grandfather part of the bill says, if you have a plan that continues on, but the law says they have to find different coverage -- >> better coverage. >> different coverage, whatever that is, for the 50-year-old woman who is writing to me, i'm not going to have any more children -- >> and i don't have a prostate, okay? >> that's fine. so for folks saying they're now going to pay more, because they're not the grandfathering option. that's a myth there, because if a plan changes its coverage, if a plan changes how much they're chargi
it says you may find your premiums you lower due to a new kind of tax credit in the nationalplace, you may qualify for plans -- even though -- isn't available outside of marketplace, the health care law also guarantees that you can choose a new plan outside the marketplace, even if you have a preexisting condition. my point is these insurers either want to keep the people in their -- that work in their policy, or they want to tell them -- they tell them about what's available in the marketplace...
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Oct 31, 2013
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i will cut taxes. restore your prompt tax rebates. he raises property taxes. how does this work in new jersey? >> he cut the program and turned it into a direct credit. not only did he significantly reduce how much, most low income. middle-class homeowners and seniors receive. he converted it. instead of receiving a rebate check. you can then go out and spend. transferred into a direct credit on your property tax bill. shows up as a line when you get your tax bill. you no longer get that check. if this was the campaign commercial a month after he won election, i think that the results may have been a lot different. i think the takeaway is what he found is it is a lot harder when you are running the state and you are in control of the budget than when on the outside and you are criticizing the guy who is. >> crystal, it seems that he -- that he tries how to work this reputation as the straight talker. but it isn't actually based on doing what he says he would do. >> yeah, that's exactly right. and i mean in fairness. he doesn't try to work it. he does work it.
i will cut taxes. restore your prompt tax rebates. he raises property taxes. how does this work in new jersey? >> he cut the program and turned it into a direct credit. not only did he significantly reduce how much, most low income. middle-class homeowners and seniors receive. he converted it. instead of receiving a rebate check. you can then go out and spend. transferred into a direct credit on your property tax bill. shows up as a line when you get your tax bill. you no longer get that...
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Nov 1, 2013
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. >> we need to delay the mandate tax. we need to fix this problem. >> it's been a rough couple weeks in washington. >> the shutdown was so magnificent, run beautifully. i'm so proud of these republicans. >> it's an american horror story politically. >> happy halloween. >> now that raphael call me ted cruz, he might need to get his father to tone it down, too. >> the attacks not just come from the liberals. the attacks come from the other side too. all these republicans in name only. washington is not used to what they have seen with senator ted cruz. as a matter of fact, one of those rhinos came to him within the first months like that saying, now, look, you're a junior senator. you're supposed to be quiet. and he said, i was not elected to be quiet. i'm not going to be quiet. >> was that john mccain that said that? >> i refuse to answer on the grounds that it might incriminate me. >> of course raphael cruz senior saves his harshest language for the president of the united states. >> we have our work cut out for us. we ne
. >> we need to delay the mandate tax. we need to fix this problem. >> it's been a rough couple weeks in washington. >> the shutdown was so magnificent, run beautifully. i'm so proud of these republicans. >> it's an american horror story politically. >> happy halloween. >> now that raphael call me ted cruz, he might need to get his father to tone it down, too. >> the attacks not just come from the liberals. the attacks come from the other side too. all...
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Oct 31, 2013
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. >> he interrupted the tax money flow. tide goes in, tide goes out. in the temple, when he saw the tax collectors dragging the money out of the poor people and overturn their table. and once he did that, his fate was sealed. >> i don't know what that means. >> and today's top trender, cheap talk. i can't use the "s" word. >> oh -- >> they have crappy insurance. we're going to be getting rid of junk insurance plans that haven't delivered anything for the american people. conservatives won't trash junk insurance. >> you can keep the plan that you have and like, but there's a but in our health care right now? there's a but in the system? >> that's a big but. >> the community is welcoming the destruction of what are called, you know, the skinny plans. >> you find something goes wrong so you pick an enemy and you demonize somebody else. in this case, it's the insurance companies. >> this just kills the market. >> we chose those policies and yet the president says you didn't choose well. >> what else would you expect from the republican party but a bunch of
. >> he interrupted the tax money flow. tide goes in, tide goes out. in the temple, when he saw the tax collectors dragging the money out of the poor people and overturn their table. and once he did that, his fate was sealed. >> i don't know what that means. >> and today's top trender, cheap talk. i can't use the "s" word. >> oh -- >> they have crappy insurance. we're going to be getting rid of junk insurance plans that haven't delivered anything for the...
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Oct 31, 2013
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they will make them pay the tax. >> it works like a sales tax. any time you add a tax on to something that people are purchasing it adds to the cost. >> the taxes are on the insurance companies. they want to keep their profit margin a specific target and they will pass it on to the consumer. they don't have to do that. >> the cost of providing care is increasing. any time you increase the cost it adds to the cost of the coverage. they said that clearly when the law was enacted. the tax would raise health insurance premiums. >> is the insurance industry worried that it's not going to be profitable? >> what we learn side that coverage is not affordable. we know from experience if you have reform similar to what is included in the aca, premiums skyrocket and the market detablizes. we need to make sure we have enrollment that stays the same and doesn't get moved. people can have coverage. those are the things we focus on. these reforms won't work. >> is massachusetts the model when you look back, does that model work? that is what works for the insur
they will make them pay the tax. >> it works like a sales tax. any time you add a tax on to something that people are purchasing it adds to the cost. >> the taxes are on the insurance companies. they want to keep their profit margin a specific target and they will pass it on to the consumer. they don't have to do that. >> the cost of providing care is increasing. any time you increase the cost it adds to the cost of the coverage. they said that clearly when the law was...
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Oct 28, 2013
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bill deblasio in a position to raise taxes. he told you what he's going to do. he's going to take taxes up. if he wins, does that put a crimp in anything? do rates go higher? >> in terms of the mayor's race we'll see in the next couple of weeks. whoever it is, will try to continue the positive job growth, the diversification of our economy, technology -- focused on technology. a lot of the companies moving downtown, midtown south are getting priced out. i think whoever that mayor is, whether it's lodo or de blasio, he'll continue to make jobs, continuous to be the capital of the world in terms of trying to attract and retain the best and brightest and continue to drive crime down and public safety and a liveable city. go to brooklyn. you see the tremendous amount of people living and working in brooklyn today, queens, all over the city great growth. >> brooklyn is hot. what industries are spending the most money in terms of real estate right now? you said technology. >> definitely technology. but it's also -- there's a company called we work. it's just taken ove
bill deblasio in a position to raise taxes. he told you what he's going to do. he's going to take taxes up. if he wins, does that put a crimp in anything? do rates go higher? >> in terms of the mayor's race we'll see in the next couple of weeks. whoever it is, will try to continue the positive job growth, the diversification of our economy, technology -- focused on technology. a lot of the companies moving downtown, midtown south are getting priced out. i think whoever that mayor is,...
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Nov 4, 2013
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they should pay more in taxes. you can but that's getting some reaction today. later on "closing bell." vo: two years of grad school. 20 years with the company. thousands of presentations. and one hard earned partnership. it took a lot of work to get this far. so now i'm supposed to take a back seat when it comes to my investments? there's zero chance of that happening. avo: when you work with a schwab financial consultant, you'll get the guidance you need with the control you want. talk to us today. >>> welcome back. as you know >>> welcome back. as you know, in order for the obama care health plan to work it has to have young, healthy people to sign up to offset the older people who tend to use a lot of health care. now we're getting some details on who is actually at least inquiring about enrolling in the obama care program. bertha coombs joins us with details. bertha? >> so the obama administration has given itself 26 days to get the federal website fixed and running smoothly. and in the meantime, they say they are now going to be taking healthcare.gov down
they should pay more in taxes. you can but that's getting some reaction today. later on "closing bell." vo: two years of grad school. 20 years with the company. thousands of presentations. and one hard earned partnership. it took a lot of work to get this far. so now i'm supposed to take a back seat when it comes to my investments? there's zero chance of that happening. avo: when you work with a schwab financial consultant, you'll get the guidance you need with the control you want....
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Oct 30, 2013
10/13
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because of the tax credits that we're offering, and the competition between insurers, most people are going to be able to get better comprehensive health care plans for the same price or even cheaper than projected. >> see ya, republicans, you're on the wrong side of history. did you hear what the president just said? if you're getting one of these letters that the republicans are so concerned about, just go to the exchange. you will get better insurance and your prices will go down. it is hilarious to see what has unfolded in these meetings on capitol hill, these hearings. we have seen now the republicans step forward and defend junk insurance. what else would you expect from the republican party, but a bunch of damn junk. and the president didn't stop there. he went on to call out the mainstream media for misleading the public about obama care. >> for the fewer than 5% of americans who buy insurance on your own, you will be getting a better deal. so anyone peddling the notion that insurers are cancelling people's plan without mentioning that almost all the insurers are encouraging p
because of the tax credits that we're offering, and the competition between insurers, most people are going to be able to get better comprehensive health care plans for the same price or even cheaper than projected. >> see ya, republicans, you're on the wrong side of history. did you hear what the president just said? if you're getting one of these letters that the republicans are so concerned about, just go to the exchange. you will get better insurance and your prices will go down. it...
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Oct 28, 2013
10/13
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and we have a tax system that is not fair. we've got companies parking money offshore, and not paying their fair share. that would be a great place to start. because sales solves a lot of problems in business. and if you've got more money in the treasury. and i've got a call on the ro radio show today. guy said ed, the thing that really concerns me about you democrats and you liberals, all you want to do is raise taxes and get more money out of the wealthy, all you're going to do is spend it. wait a minute. president obama has given the sequesterer numbers a chance. remember, july and august of 2011 when boehner came out and said i got 99% of what i wanted? we have taken, the liberals, the numbers from the conservatives when it comes to sequestration. we have reduced federal spending. we have reduced the deficit in half. so this idea that if we get more money to the treasury from the wealthiest americans and all the democrats are going to do is go out and spend it, there is no record of that under the obama years. stick around
and we have a tax system that is not fair. we've got companies parking money offshore, and not paying their fair share. that would be a great place to start. because sales solves a lot of problems in business. and if you've got more money in the treasury. and i've got a call on the ro radio show today. guy said ed, the thing that really concerns me about you democrats and you liberals, all you want to do is raise taxes and get more money out of the wealthy, all you're going to do is spend it....
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Oct 30, 2013
10/13
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we get taxed. and since we all benefit, there are parts of this law that also require everybody to contribute. they require everybody to take some measure of responsibility. so to help pay for the law, the wealthiest americans, families who make more than $250,000 a year, have to pay a little more. the most expensive health insurance plans no longer qualify for unlimited tax breaks. some folks aren't happy about that, but it's the right thing to do. just like in massachusetts, most people who can afford health insurance have to take responsibility to buy health insurance or pay a penalty. and employers with more than 50 employees are required to either provide health insurance to their workers or pay a penalty. again, because they shouldn't just dump off those costs on to the rest of us. everybody has got some responsibilities. now, it is also true that some americans who have health insurance plans that they bought on their own through the old individual market are getting notices from their insur
we get taxed. and since we all benefit, there are parts of this law that also require everybody to contribute. they require everybody to take some measure of responsibility. so to help pay for the law, the wealthiest americans, families who make more than $250,000 a year, have to pay a little more. the most expensive health insurance plans no longer qualify for unlimited tax breaks. some folks aren't happy about that, but it's the right thing to do. just like in massachusetts, most people who...
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Nov 1, 2013
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delta's operating margins what they make on each dollar of sales before interest and taxes is 13.4%. that's better than any other airline, save the always, always well-run alaska air. plus the company gave bullish guidance for next quarter which was a real love fest. delta's premium seats has more first class than anyone in the business. most seats were given away as free upgrades to coach passengers. last year only 14% of delta's domestic front cabin seats were occupied by paying customers? can you imagine all those people you pass by you thought were rich? no, man, they upgraded. free. this year the company has more than doubled that to 30%. delta's initiatives going they believe will let them take that up to 50% in the near future. they're selling a lot more expensive first-class and business class tickets where you get nothing anyway. the company has been taking out costs left and right. 11 months ago delta laid out blueprint for $1 billion of annual cost savings and on the conference call we learned management is delivering on that blueprint. delta has seen strength in the corpo
delta's operating margins what they make on each dollar of sales before interest and taxes is 13.4%. that's better than any other airline, save the always, always well-run alaska air. plus the company gave bullish guidance for next quarter which was a real love fest. delta's premium seats has more first class than anyone in the business. most seats were given away as free upgrades to coach passengers. last year only 14% of delta's domestic front cabin seats were occupied by paying customers?...
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Oct 31, 2013
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>> well, it's a tax on innovation. it makes no sense. it was a penalty, really, for the medical technology industry not coming to the party as the insurance companies and big pharma did. >> you mean not having better lobbyists. >> well, that could be it too. and so i'd like to see it go away. i don't know, but i think the number one issue, now, becky, is getting this system fixed and i think we've got to have a whole change at how we approach. we've got to get pragmatic. the republicans have been saying eliminate. you're not going to eliminate, that's the law of the land, let's get it done. like any group of executives, get it done, get it fixed and put them in charge. and the president's got to stop playing politics or else it'll drag down the administration for years to come. >> jim parsons is one of our guest hostst today. >> in your view, is there some sort of drop dead date where we go beyond where there just is not enough signed up that the insurance companies start to back out and this thing goes into -- is there a date around whi
>> well, it's a tax on innovation. it makes no sense. it was a penalty, really, for the medical technology industry not coming to the party as the insurance companies and big pharma did. >> you mean not having better lobbyists. >> well, that could be it too. and so i'd like to see it go away. i don't know, but i think the number one issue, now, becky, is getting this system fixed and i think we've got to have a whole change at how we approach. we've got to get pragmatic. the...
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Oct 28, 2013
10/13
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. >> and to cut taxes. >> and cut taxes at the same time. so i'm not opposed under certain circumstances to running deficits. the debt is another problem and we've gotten to the point now where especially because of entitlement programs but because there really hasn't been much done in the way of trying to restrain spending, we now have trillion dollar deficits every year and a $17 trillion debt we are passing on to our kids and grandkids. that concerns me. >> a lot of economists look at the debt and say a lot of the reason for the debt, in addition to the entitlement programs you're talking about, are things that you and president bush did in terms of funding or not funding the iraq and afghanistan wars, in terms of the medicare prescription drug benefit and in terms of the tax cuts. are you and president bush not also responsible for the deficit? >> well, in terms of prescription drug benefits for seniors, that's something the president campaigned on before i ever got involved. i think it was a good program. >> without taking issue with th
. >> and to cut taxes. >> and cut taxes at the same time. so i'm not opposed under certain circumstances to running deficits. the debt is another problem and we've gotten to the point now where especially because of entitlement programs but because there really hasn't been much done in the way of trying to restrain spending, we now have trillion dollar deficits every year and a $17 trillion debt we are passing on to our kids and grandkids. that concerns me. >> a lot of...
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Nov 6, 2013
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. >>> new york city moving left, i mean far left, with a new mayor that wants to tax everything that moves. >>> and is president obama now lying about his original lie? the president tries to change what he's been saying for the past few years
. >>> new york city moving left, i mean far left, with a new mayor that wants to tax everything that moves. >>> and is president obama now lying about his original lie? the president tries to change what he's been saying for the past few years
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Nov 1, 2013
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and how we can prevent more tax like this from happen. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates. at a ford dealer with a little q and a for fiona. tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? your ford dealer. who has the low price tire guarantee, affording peace of mind to anyone who might be in the market for a new set of tires? your ford dealer. i'm beginning to sense a pattern. get up to $140 in mail-in rebates when you buy four select tires with the ford service credit card. where'd you get that sweater vest? your ford dealer. maestro of project management. ba
and how we can prevent more tax like this from happen. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates. at a ford dealer with...
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Oct 29, 2013
10/13
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you have taxes and fees that you've got to pass on to the consumer. you've got no choice. so, they're going to be eating and swallowing higher expenses there. let me ask you about the jobs part of this story, because this is something that's under debate right now. because the law requires companies to offer health insurance to anybody working 30 hours or more, are you seeing increasing numbers in terms of companies saying, okay, then work 29.5 hours, go to part time, work fewer than 30 hours a week? >> i'm not sure whether or not the affordable care act and the 30-hour work week is driving it, but i can tell you that what we're seeing in our large accounts is higher in-group attrition, decreases in employment in our large groups, not nearly as high as 2009, but definitely higher than the last two, three years. and we're also seeing higher part-time employment and interest in part-time benefits. as you know, better than i do, the labor market statistics show much higher growth in part-time employment this year overall growth, the inverse -- >> which means higher premiums b
you have taxes and fees that you've got to pass on to the consumer. you've got no choice. so, they're going to be eating and swallowing higher expenses there. let me ask you about the jobs part of this story, because this is something that's under debate right now. because the law requires companies to offer health insurance to anybody working 30 hours or more, are you seeing increasing numbers in terms of companies saying, okay, then work 29.5 hours, go to part time, work fewer than 30 hours a...
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Nov 1, 2013
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>> i am applying for my blue passport. >> do you still pay taxes in france? >> no, i don't. >> it's unbelievable, isn't it? >> it is crazy. >> you only got 7% of your assets. i'm surprised you have that much in france. >> french companies are global. second, they've been beaten up so much. no, no -- >> i got you. >> you have no access to capital. so the only very good businesses have survived in france. >> they've got to be good. >> that's right. that's right. so they don't need much capital, they usually have brands, more towards the services side of things, they're very global and as a consequence, you do find great stocks listed in france with very -- >> you went to a french business school. >> yes, that's an oxymoron. >> thank you for playing along. >> thanks for coming in. >> thanks for having me. >>> let's get back to this hour's special guest, philadelphia federal reserve president charles plosser. you've heard of guys that build like bomb shelters and stock it with canned goods. there are people in the past that said once the government puts in a poli
>> i am applying for my blue passport. >> do you still pay taxes in france? >> no, i don't. >> it's unbelievable, isn't it? >> it is crazy. >> you only got 7% of your assets. i'm surprised you have that much in france. >> french companies are global. second, they've been beaten up so much. no, no -- >> i got you. >> you have no access to capital. so the only very good businesses have survived in france. >> they've got to be good....
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Oct 28, 2013
10/13
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. >> we all pay a tax every time we fly on a plane but it goes to congress and they divvy that money across the country so it goes to airports that don't have necessarily nearly as many travelers. >> i like newark. they got all kinds of shopping. >> the lines are horrendous. >> all right. move on, mcdonald's is apparently ending a partial 40-year partnership with heinz after heinz hired burger king's former ceo. we thought as taste test was in order. we have three different -- what did you say? two minutes to eat all these french fries. we're going to see which -- >> trying which we like. >> i maintained i could tell heinz because heinz is my ketchup of choice. >> really? >> i did. let's go. everybody taste. >> which way. >> i think we've got heinz, hunts and america's choice. >> little spicy. >> tangy. >> some undertones of vanilla, little bit of leather under there. >> leather. >> i like how thick this one is. >> i don't know which one is heinz. we're going to find out. >> good balance. sweeter though. >> right. >> more tangy. >> like ice cream. that's ice cream there. >> denser. >
. >> we all pay a tax every time we fly on a plane but it goes to congress and they divvy that money across the country so it goes to airports that don't have necessarily nearly as many travelers. >> i like newark. they got all kinds of shopping. >> the lines are horrendous. >> all right. move on, mcdonald's is apparently ending a partial 40-year partnership with heinz after heinz hired burger king's former ceo. we thought as taste test was in order. we have three...
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Oct 29, 2013
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individual tax system, corporate tax system. we need real serious health care reform to deal with some of the fiscal problems that are coming down the road. we need -- we need a new immigration system. so that there's a good number of things we need to do. and the only way you get those done is with a compromise. democrats and republicans have to come together and compromise, but the leadership for that always needs to come from the president. because the only way you get big difficult, complex things done is from the executive branch and with congress being willing to compromise. >> was dodd/frank the right legislation? how come only 40% has been implemented? >> well, there's a lot of good with dodd/frank. we got the things we needed out of dodd/frank. why is only 40% been implemented? well, it's a big, complicated bill, but we have too many regulators. we have five -- >> everybody wants to weigh in. >> we have five regulators all fighting with themselves on how to write the rules. that's one of the reasons. the other reason is
individual tax system, corporate tax system. we need real serious health care reform to deal with some of the fiscal problems that are coming down the road. we need -- we need a new immigration system. so that there's a good number of things we need to do. and the only way you get those done is with a compromise. democrats and republicans have to come together and compromise, but the leadership for that always needs to come from the president. because the only way you get big difficult, complex...
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Nov 2, 2013
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and they pay much lower taxes than the average working class american because they get tax gimmicks. you put their taxes at a normal level not even a superhigh level for these unbelievable checks that they take home and you fund 47 million people. >> this is a solution, get rid of what's called carried interest, the loophole you're talking about. get rid of the carried interest loophole for the top 40 people. do it just for the top 40 -- >> you'd probably get about $3 billion a year from the 40 people alone. this would be, you know, i have here, i brought it because i thought it was relevant. to a piece of legislation submitted by senator levin, which is all of the worst tax phony loopholes for american companies, putting their money in the caymans, this is $220 billion over ten years, it's not about raising tax or anything, it's about closing the most disgusting, egregious loopholes we could feed our children decently without breaking a sweat. >> okay. margaret, why did there's been a lot today. i don't think they're being disingenuous. i think if you look at the record of the parti
and they pay much lower taxes than the average working class american because they get tax gimmicks. you put their taxes at a normal level not even a superhigh level for these unbelievable checks that they take home and you fund 47 million people. >> this is a solution, get rid of what's called carried interest, the loophole you're talking about. get rid of the carried interest loophole for the top 40 people. do it just for the top 40 -- >> you'd probably get about $3 billion a year...
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Oct 31, 2013
10/13
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for them, brass tax are going to be where it's at. we've got to fix the technology, got to fix the processes. then they can start to turn around the political perception of all that. >> thanks very much. there has been some backlash at the white house from americans who are being forced out of their inexpensive plans with limited coverage, even though the president assured the country that people could actually keep their plans if they liked them. now, yesterday president obama had this explanation. >> there are a number of americans, fewer than 5% of americans, who've got cut rate plans that don't offer real financial protection in the event of a serious illness or an accident. remember, before the affordable care act, these bad apple insurers had free reign. every single year to limit the care you received or use minor pre-existing conditions to jack up your premiums. or bill you into bankruptcy. this wasn't just bad for those folks who had these policies, it was bad for all of us. >> bad apple. that's the operative term there. were
for them, brass tax are going to be where it's at. we've got to fix the technology, got to fix the processes. then they can start to turn around the political perception of all that. >> thanks very much. there has been some backlash at the white house from americans who are being forced out of their inexpensive plans with limited coverage, even though the president assured the country that people could actually keep their plans if they liked them. now, yesterday president obama had this...
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Oct 31, 2013
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in fact, the majority of them will qualify for tax credits or subsidies to bring the cost down. so they will be paying less for better coverage. >> quickly, did the administration over-promise when they said repeatedly if you like your plan you can keep it? >> well, it was unfortunate language. because the president nor congress in this law can really control the insurance companies that well, that effectively. they control the health care system in many ways. they're able to get away with this, and they are, as we're seeing. >> right, it was a promise that they're seeing they could not themselves keep. wendell potter, thank you very much. >>> all right, congressman barney frank's name was brought up, cited as the authority, the man supporting the bill. but that is not exactly the case. he will be here to react coming up next. i started part-time, now i'm a manager.n. my employer matches my charitable giving. really. i get bonuses even working part-time. where i work, over 400 people are promoted every day. healthcare starting under $40 a month. i got education benefits. i work
in fact, the majority of them will qualify for tax credits or subsidies to bring the cost down. so they will be paying less for better coverage. >> quickly, did the administration over-promise when they said repeatedly if you like your plan you can keep it? >> well, it was unfortunate language. because the president nor congress in this law can really control the insurance companies that well, that effectively. they control the health care system in many ways. they're able to get...